(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Give one difference between product cost and period cost.

Discuss the benefits of consumer education.

"The cost of sugarcane is an avoidable cost." Justify for or against.

Which tool involves direct face-to-face conversation with prospective customer?

State one difference between Historical costs and Predetermined costs.

Differentiate between expired and unexpired costs.

Write short notes on opportunity costs.

Explain the following with an example:

Marginal cost.

Explain the following with an example:

opportunity cost.

Distinguish between private costs and social costs.

Explain the following Concept:

Out of Pocket Cost

Explain the following:

Differential cost

______ enables a sales person to understand and persuade customers to do complete job of selling and to collect feedback.

Explain the following:

Notional or imputed cost.

Explain the following:

Replacement cost

Discuss the importance of personal selling in marketing.

"Advertising can only create demand. Personal selling is necessary to convert demand into sales". Explain.

This principle states that accounting procedures and methods should remain consistent from one year to another.

According to this principle, record all anticipated losses but ignore all anticipated gains. Industry practice.

This principle states that the financial statements should be prepared quickly at the end of the accounting period.